1. Grind black pepper over steaks; rub in well.
2. The sauce: place all the ingredients in a medium bowl. Stir well until sugar is dissolved.
3. Place beef steaks in the sauce. Rub sauce into beef with fingertips until it is all absorbed.
4. Heat a char-grill or barbecue until hot. Cook according to taste (2 to 3 minutes for rare, 6 to 8 minutes for well done), turning with tongs. Transfer steak to a warm plate and keep hot.
5. In a heavy-based frying pan, heat oil. Add onion and capsicums; fry until soft, about 5 minutes.
6. Thinly slice the beef steaks and serve with vegetables and freshly cooked rice. Garnish with spring onions and watercress sprigs.

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